LWR Offices LLC Acquires Sarasota Office Building For $5.35M
SOLD
$5,350,000
Florida
See Similar DealsOffice21,553 SF
Sold 03/07/2022
SOLD
LWR Offices LLC Acquires Sarasota Office Building For $5.35M
6771 Professional Parkway West, Sarasota, Florida 34240, United States
See Similar DealsOffice21,553 SF
Sold 03/07/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$248
Total Square Footage:21,553 SF
Transaction Type:Sale
Located at 6771 Professional Parkway in Sarasota, this office property has been sold in a recent transaction. The sale was facilitated by Jag Grewal of Ian Black Real Estate.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,350,000
- Square Footage: 21,553
- Price Per Square Foot: $248
- Address: 6771 Professional Parkway
- Market: Sarasota
LWR Offices LLC acquired the property from Kingdom Development LWR. The transaction took place on March 7, 2022.
For more information on this closed property transaction, please refer to the Instagram post by Jag Grewal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75
Is there something missing? Send suggestions